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Acquisitions and Divestitures News

Petrobras Hires Bank to Sell Argentine Oil Refinery
Argentina >> 3/21/2014 - Petroleo Brasileiro SA, Latin America’s largest publicly-traded oil producer by revenue, hired Bank of Nova Scotia (BNS) to sell assets in Argentina including a refinery, said a person with direct kno...
Pemex Files Round Zero Requests
Mexico >> 3/21/2014 - Petroleos Mexicanos asked the Secretary of Energy, as part of the so-called Round Zero, the award of several areas that are currently under production or has been exploring. Thus, compliance is given ...
Comoros Assembly Ratifies Discover’s PSC for Blocks 35, 36 & 37
Comoros >> 3/20/2014 - Discover, the privately owned, geology-led, oil and gas exploration company specialised in deepwater petroleum systems, is pleased to announce the ratification of its Production Sharing Contract (the ...
Gulf Coast High Bidder on 6 Leases in Central Gulf of Mexico Sale
United States >> 3/20/2014 - Gulf Coast Energy Resources, LLC was the apparent high bidder on six leases in the Central Gulf of Mexico Lease Sale 231. ...
Energy XXI Participates in Central Gulf of Mexico Lease Sale 231
United States >> 3/20/2014 - Energy XXI was the apparent high bidder in 10 shallow-water blocks in the Central Gulf of Mexico Lease Sale 231, with a total investment of approximately $2.6 million The bids are subject to approval...
KrisEnergy Extends Vietnam Portfolio, Adds Block 115/09
Vietnam >> 3/20/2014 - KrisEnergy Ltd has been awarded 100% working interest and operatorship of the production sharing contract (“PSC”) for Block 115/09 offshore Vietnam. ...
Three agreements signed to excavate oil, natural gas
Egypt >> 3/19/2014 - Petroleum Minister Sherif Ismail and Regional President of BP Egypt Hisham Mekkawi and Sea Dragon Energy Inc. Manager Ahmed Moaz signed three new petroleum agreements to excavate oil and natural gas i...
OMV Strengthens Position in the UK
United Kingdom >> 3/19/2014 - OMV is expanding its position in the UK core area. Agreement has been reached with Hess to acquire four licenses in West of Shetland (WoS), UK, including the field Cambo and the Blackrock prospect. ...
Chariot Awards the Mohammedia Reconnaissance Licence
Morocco >> 3/18/2014 - Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, is pleased to announce that its wholly owned subsidiary, Chariot Oil & Gas Investments (Morocco) Limited, has b...
Leni Gas & Oil Signs New Partnership with Pansoinco in Spain
Spain >> 3/18/2014 - LGO has signed a heads of terms with an Italian group, Pansoinco s.r.l, a Company with over 30 years operational experience in the energy sector and projects in ten countries worldwide. The intention...
Gondwana Oil Selected to Negotiate Ghana Block
Ghana >> 3/18/2014 - Gondwana Oil Corp. (Gondwana) is very pleased to announce that after review of its application on the Offshore Cape Three Points South Block, Ghana's Ministry of Energy and Petroleum has invited Gondw...
SADR Awards New Exploration Block to Red Rio Petroleum Ltd
Western Sahara >> 3/18/2014 - The Government of the Saharawi Arab Democratic Republic (SADR) is pleased to announce that it has awarded the Bir Lahlou Block to the UK-based Red Rio Petroleum Limited (Contractor), effective from 18...
Imperial Agrees to Sell Western Canada Conventional Oil & Gas Assets
Canada >> 3/17/2014 - Imperial Oil Limited has reached an agreement to sell its interest in assets located in Boundary Lake, Cynthia/West Pembina, and Rocky Mountain House in Western Canada to Whitecap Resources Inc. for a...
Italian Ministry Approved the San Lorenzo Production Concession
Italy >> 3/14/2014 - Sound Oil, the Italian focused upstream oil and gas company, is pleased to announce that approval of the San Lorenzo Production Concession has now been received from the Italian Ministry of Economic D...
KrisEnergy Expands Bangladesh Footprint with Block SS-11
Bangladesh >> 3/12/2014 - KrisEnergy Ltd, an independent upstream oil and gas company, is pleased to announce that it has been awarded a 45% non operating working interest in the production sharing contract (“PSC”) for the sha...
Apache Completes Sale of Argentina Assets to YPF
Argentina >> 3/12/2014 - Apache Corporation has completed the previously disclosed sale of its Argentina operations and properties to YPF Sociedad Anonima for cash payment of US $800 millionplus the assumption of $52 million ...
Swala Energy to Farm Out 25% Stake in Kenya's Block 12B
Kenya >> 3/10/2014 - Swala Energy Limited (Swala) is pleased to announce the signing of a binding farm-out agreement for a 25% working interest in Block 12B (Kenya) with an international integrated oil and gas company (th...
Farm-out Agreement for Bolivar Contract Area
Colombia >> 3/10/2014 - Global Energy Development PLC, the Latin America focused petroleum exploration, development and production company with operations in Colombia, is pleased to announce that it has signed a farm-out agr...
UAE, Oman and Iraq Lead Middle East Oil & Gas Transactions in 2013
Egypt >> 3/10/2014 - According to EY’s Global Oil & Gas Transactions report, the combined number of oil and gas transactions in the UAE, Oman and Iraq represented almost 60 percent of the total number of upstream transact...
Triangle Energy to Discontinue Moroccan Applications
Morocco >> 3/10/2014 - With reference to the ASX announcement dated 12 December 2012 wherein Triangle Energy signed a Letter of Intent covering six Moroccan exploration blocks with Morocco’s Mines and Petroleum Office, ONHY...

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